Interior staff implicated in land scams Investors invade 100 plots in two provinces Several former high-ranking officials at the Interior Ministry were involved in land scams in Phuket and Phangnga provinces, the Office of the Public Sector Anti-Corruption Commission has found.
Question for a Phuket lawyer about foreign ownership of condo apartments in Thailand.
Report says land grab rife in tourist spots. About 90% of beach land in Phuket is controlled by foreigners through Thai nominees, a leading research body has found.
Fractional Ownership seems to be the word in Phuket’s real estate market now Q to a Phuket lawyer: I must ask how Thai law stands on this regarding a specific real estate company in Phuket. Can a company sell fractional ownership in an apartment they do not own?
Buying real estate property in Thailand for foreigners
A Thai land holding company is defined as a majority Thai owned limited company that owns real estate property on behalf of a foreigner. How legal is this structure?
Property lease, tenancy and contract rights in a leasehold...
Registering ownership of land in a Thai girlfriend's name and the right to transfer to freehold in the lease agreement.
Buying and paying in escrow or to the developer's bank account in Thailand and the escrow act and condominium act.
Thailand lease agreements are often misused and drafted to generate real estate sales.
They look the same, but legally the differences between apartments registered under the Thailand Condominium Act and apartments NOT registered under the Condominium Act are major!
If you do not understand key money in Thailand this could lead to a foreseeable argument with the landlord when the lease ends or must be renewed.
CONDOMINIUM sale-able area and contract price in an off the plan sale and purchase of a condominium in Phuket Thailand.
CONDOMINIUMS in Thailand beyond the foreign ownership quota are often sold under a condo lease agreement.
REAL ESTATE investment in Phuket. Ownership of land is not open to non-Thai nationals.